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Once in a while I here about this..broker betting against you. Is there one broker that will most likely bet against you than the other? I guess at the end of the day I want a profit. Will I be more profitable going with any particular broker? Thanks
Can you help answer these questions from other members on NexusFi?
In futures it is highly illegal, and you should never experience it with any reputable futures merchant.
In forex world, especially with MetaTrader platforms, it can get ugly. There is even a plug-in for the broker called "virtual dealer" that lets them fine tune exactly how much they are going to rape you.
I have no clue about the author of this video and don't recommend using his services without doing all your due diligence, I am just referencing the video because it shows what happens.
Then it is illegal. Even ignoring legal exchange regulations - ever seen a futures broker account statement? you get debited exchange fees. if the broker takes the other side outside the exchange, and charges you the exchange fees, this is fraud clear and simple.
That said, there are exact regulations what a broker can do and can not do, and he can not even send an order in response to your order in front of you (front running).
